Blackstone Acquisition of Skroutz
The Competition Protection Commission (EPA) has received notification of the acquisition of Skroutz AE Internet Services (Skroutz) by Blackstone Inc. through Marley Lux Topco S.à.r.l.
Background on the Acquisition
In May, it was announced that Blackstone, the world's largest alternative investment manager, had proceeded with the acquisition of a majority stake in the online shopping platform Skroutz from CVC Capital Partners Fund VII.
The founders of Skroutz will sell part of their stake in the context of the transaction, while retaining a percentage of the company and continuing to lead the business. George Chatzigeorgiou will remain CEO, and the transaction is expected to be completed in the second half of 2026, subject to regulatory approvals.
About Blackstone Inc.
Blackstone Inc. provides advice and manages assets across various categories, including private equity, hedge funds, real estate, and credit, in a wide range of industries, including industrial products, financial and business services, consumer and retail, technology, media, and telecommunications.
- Blackstone's acquisition of Skroutz marks a significant investment in the e-commerce sector.
- The transaction is subject to regulatory approvals and is expected to be completed in the second half of 2026.
- The founders of Skroutz will retain a stake in the company and continue to lead the business.